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News and Research

Do managed accounts equate to in-house products?

A senior financial services lawyer has warned that managed accounts may equate to the selling of in-house assets in the eyes of the Australian Securities and Investments Commission.

The Association of Financial Advisers has called for greater clarity from the Australian Securities and Investments Commission around the actual quality of life/risk advice in the context of the Life Insurance Framework and churn.

Tell us how advisers will be affected, demands AFA

Questions have been asked about how and to what degree advisers will be affected when the Australian Securities and Investments Commission chooses to exercise its product intervention power.

AMP looks to internal advice M&As

AMP financial advisers seem likely to have to navigate a series of advice practice mergers as the company reshapes its wealth management business for the future.

ISA argues for empowerment of unions and funds

Industry Super Australia wants unions and industry funds empowered to act as agents of the Australian Taxation Office to pursue employers who don’t meet their superannuation guarantee obligations.

APRA confirms super funds facing possible RC action

The Australian Prudential Regulation Authority has confirmed that a number of superannuation funds are facing the possibility of legal action as early as next month on the basis of referrals from the Royal Commission.

LATEST NEWS

22 August

Policy & Regulation

ASIC wealth management investigations soar by 216%

The Australian Securities and Investments Commission has increased investigations into wealth management by 216

22 August

Financial planning

Centrepoint’s new strategy brings profit turnaround

Centrepoint Alliance’s new strategy announced last year has proved successful as the company has reported a profit

22 August

Financial planning

FPA members to receive education discounts

Members will be given discounts between 10 to 15 per cent across five institutions.

Aug 1 2019 - 9:30am

Build a Strong Core

iShares Core is a series of six low cost, high quality funds designed to provide a simple way to build diversified

Blackrock

22 August

Policy & Regulation

ASIC proposes ban on retail binary options and CFDs

The Australian Securities and Investments Commission has proposed a ban on the sale of binary options and

Advisers were hesitating to use social media to engage with clients for fear of reputational risk, while also citing lack of education as an issue.

22 August

Financial planning

AFA recommends ‘opt-in’ for social media complaints

The Association of Financial Advisers has recommended to the Australian Securities and Investments Commission that

22 August

Financial planning

Perpetual positions for growth despite profit decline

Perpetual believes its wealth business, Perpetual Private, is positioned for growth despite a full-year decline in

Aug 1 2019 - 2:15pm

New means testing rules represent an opportunity for advice

See how the new means testing rules could be applied to your clients in our case study.

Challenger

22 August

Financial planning

Australian property at risk of trade war contagion

A sharp slowdown in the Chinese economy caused by the US/China trade war would be detrimental for the Australian

Australian Unity has posted a 16 per cent increase in profit after tax for the six months to December, 2016.

22 August

Funds management

Litigation success rate at 89% for IMF Bentham

Litigation funding firm, IMF Bentham has recorded a portfolio value increase of 68 per cent as Royal Commission

22 August

Financial planning

Easton’s profit up by 54%

Easton Investments has announced 54 per cent growth in its statutory profit and 17 per cent growth in underlying

22 August

Funds management

EQT announces strong growth for FY18/19

EQT Holdings Limited, the holding company for Equity Trustees has announced $22.2 million in profit for the

22 August

Funds management

Hejaz posts leading results for FY18-19

Hejaz’s Global Ethical Fund has released its FY18-19 results with annual performance of 6.8 per cent, indicating

The view of education from advice firms has shifted from being a compliance tick to a value proposition, according to knowIT and the Monarch Institute.

21 August

Policy & Regulation

Almost 150 courses now approved by FASEA

A total of 53 current bachelor or higher degrees, 66 historical courses and 30 bridging courses are now part of

ACS Fixed Int - Australia/ Global Bond

	Fund	3y(%) pa
1	IOOF MultiMix Diversified Fixed Interest ATR in AU	4.09
2	PIMCO Diversified Fixed Interest ATR in AU	3.80
3	Macquarie Dynamic Bond ATR in AU	3.63
4	Onepath Wholesale Diversified Fixed Interest Trust ATR in AU	3.62
5	UBS Diversified Fixed Income Fund ATR in AU	3.57